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exploded during the bush years, obama added on top of that. let's remember all the sequester does is shave off a little bit of the built-in growth of government spending. over the next ten years, the budget, even with the sequester, will go from $3.5 trillion to $5.9 trillion. we're still going to get $2.4 trillion more spending. we're just not going to get $2.5 trillion more spending. i view the sequester as a very tiny step in the right direction. >> jared, you look at some of these figure, if you include the emergency money more hurricane sandy, that just means we've had a 30% increase since 2008. now under the so-called sequester, we'll have a 5% increase. it's not like we're ripping the government to shreds. >> look, the way this works is you get negative fiscal impulse when you do less then th year than you did last year. let's go to the non-partisan congressional budget office. they told us on tuesday this year they expect the economy to grow 1.4%. i don't think there's anybody listening to my voice on our financial news network of cnbc who likes that number, 1.4%. i suspect you don
obama. once again obama is pushing for higher taxes. don't take our word for it. listen to what he said last night just before the sboel. >> there is a way to solve the budget problems in a responsible way through a balanced approach that the vast majority of people agree with. if we do there is no reason we can't have strong growth in 2013. we can't b have washington dysfunction getting in the way. >> with all respect, free market capitalism is the best path to prosperi prosperity. more tax hikes will not hurt this economy. let's not push our luck. republicans will block it. we'll be right back. ♪ if loving you is wrong ♪ i don't wanna be right [ record scratch ] what?! it's not bad for you. it just tastes that way. [ female announcer ] honey nut cheerios cereal -- heart-healthy, whole grain oats. you can't go wrong loving it. >>> stock market correction today. i still believe rising profits and an easy fed will keep the bull market going -- at least until the president tax bombs us to death again. that's what obama said before the super bowl yesterday which could be the real reaso
kicking in. i say bring it, it's time to cut spending. >> meanwhile, president obama is out on the campaign trail pushing his state of the union spending plan, which frankly also has no chance either. we're about to talk with a business leader ewho says the president stay put, work on corporate tax reform and pass a balanced budget. and the nightmare continues for the passengers on the disabled vessel in mexico. and the attacks on the company and the carnival ceo are just beginning. we're going to have the latest. the "kudlow report" begins right now. >>> all right. first up tonight, the democrats actually now have their own sequester plan. believe it or not. no budget but a sequester plan. let's get all the details from hampton pearson. he is live for us. >> good evening, larry. senate democrats have a plan but it looks like a nonstart with her congressional republicans. the plan, replace one year of the sequester with a combination of defense cuts, domestic cats and more tax hikes. it includes $27.5 billion in defense cuts but they wouldn't start until january 2014 and be
and they'll do it >>> good evening. i'm larry cud doe. this is "the kudlow report." president obama's poll numbers are way down and lack of jobs is the key reason. the president has no priority growth plan. the s & p 500 stock index did rise for the sixth straight week. but a key question tonight is whether apple will pay a bigger dividend with its excess cash. plus is there really a global currency war that could disrupt the entire world financial scene? >>> and then what about benghazi? at a key senate hearing, the secretary of defense revealed after five months that while four americans died tragically, president obama and hillary clinton were awol and the defense department and the joint chiefs of staff were apparently unable to do anything to save our boys. tough story. we'll talk about it. "the kudlow report" begins right now. >>> first up the big story this evening. the northeast getting pounded with snow. nbc's jay gray is in boston, and that's still expected to be where the worst of it will happen. jay, governor patrick in massachusetts ordered all cars off the road at 4:00 p.m. t
morris rogers. welcome back. let me go to you right now. first up, can you do business with president obama? he is opposed to this and wants to rewrite it and defer it change it? can you do business? >> i think it simimportant to remember that these devastating cuts were his ideas. it was the republicans that have put forward two times now proposals to replace these cuts with other ways to reduce spending. we passed these six months ago. we need the democrats to put their proposals forward. why is it that spending cuts are bad for the economy but tax increases are somehow not bad for the economy? i don't understand that logic. we need both. we have been having this debate back and forth. that is part of the problem. and we need some spending restraint. the big area where we need it is in health care. the rising health care cost is in growth to the economy. if we can find ways to bring down the costs of health care we can have a win win. >> the report that came out, which shows a slight decline in the deficit goes back up over $1 trillion in ten years because of social security and yet the presi
, everyone. i'm larry kudlow. this is "the kudlow report." you heard it. president obama slams the republicans, predicting dire results if they don't avoid the sequester. but is this the very same president obama who said this about that same sequester less than 18 months ago? >> some in congress are trying to undo these automatic spending cuts. my message to them is simp -- no. i will veto any effort to get rid of those automatic spending cuts domestic and defense spending. there will be no easy off-ramps on this one. >>> well, i wish he would make up his mind. remember, this was president obama's god. now he needs to blame somebody else for it. here's the thing, he should be embracing the sequester. why? smaller government is essential to a prosperous economy. as the mainstream media become the president's lapdog? are they just victims of president obama? even pillars of the media establishment are starting to complain about their lack of any access to the president. now, here's some good news this evening. check out the markets, dow and s&p 500 making new five-year highs, na
report." all right, yesterday gdp fell slightly. today jobless claims jumped by 38,000. so is the obama economy really slumping? and how stupid is it for the president to dissolve his jobs council, which by the way was nothing more than business window dressing anyway. at least today congress did pass a debt ceiling extension so we won't go bankrupt immediately. joining me now, cnbc chief international correspondent michelle caruso cabrera and laffer. i want to ask you about this whole business. government spending on defense really collapsed and helped bring down yesterday's gdp. >> yes, it did. >> so all the liberals are saying see, we told you so, if you cut spending, you're going to ruin the economy. do you believe that? >> no, not at all. government spending is taxation. milton always said it. the government redistributes resources. you can see it really clearly. two-person world, farmer a and farmer b, if farmer b gets unemployment benefits, who do you think pays for them, farmer a? you know, government spending is taxation. the reason we have the great recession is because of the
the armageddon scare tactics coming out of team obama, we took a closer look at the cbo numbers and this big bad budget cut is not -- is just $44 billion. it is not the $85 billion that has been advertised. and you know what, $44 billion compared to our overall budget spending and our gdp is nothing. but many of the mainstream news media are echoing white house scare tactics and one question is whether the gop can take the pressure. there's eight days before the sequester kicks in. can republicans take the pressure? and finally, let's not forget the other big money stories right now, stocks suffer their first day of the year on fears maybe the fed may stop all that money printing. but i think that too is much ado about nothing. help is on the way, the "kudlow report" begins right now. >>> first up this evening, president obama continuing to resort to sequester scare tactics, lobbying against those automatic spending cuts that were really his own brain child. take a listen to what he said about the cuts on the day he signed the budget control act back in august 2011. >> this compromise guarantees
optimistic view. >>> and finally, what in the world was popular first lady michelle obama doing in the spotlight last night at the oscars? what was hollywood trying to say by giving away the most important moment of the evening? i don't know. we'll find out. "the kudlow report" begins right now. >>> let's start with today's rough day on wall street. turns out it's the biggest selloff day since after president obama's re-election. and it looks like electoral chaos in italy. nobody better to tell us than sima. >> the dow jones industrial went from hitting a five-year high to a one-month low all in the same day. looks walk through this volatile day. we started out with a rally on wall street. strong earnings from lows initially providing a nice left to equities, but then results from the italian election started to trickle in, showing no clear winner. further points returning to results that would be inconclusive, which means italians would potentially have to vote again. u.s. ten-year yield moving lower as investors looked for safety in wake of the italian election. the fear index
right. let me go to morgan. what's your take on this? you've heard all this rhetoric. president obama. sudden harsh arbitrary cuts will jeopardize military, slow recovery, and cost us thousands of jobs. so morgan, what do you make of that? >> haven't we heard this all before? we've heard this all before. they scared us before the election with the fear tactics about women. they're going to take your birth control away. they're going to take abortion away. it's always fear tactics with the left. always. and the thing is if the republicans do not stand strong the ball is in their court. they're holding the cards. if they flinch and they let this go, the opportunity -- >> the base will walk away. >> base will walk away. >> the base will walk away and the party will self-destruct. it's split so badly. it will self-destruct. >> look, we need to have cuts. some way. this way they are guaranteed to happen. >> these little puny nothing cuts. rana, what's your response to this? you're on, shall we say, the other side of the street. what is your response? >> i'm going to shock with you and agre
. this is "the kudlow report." president obama took to the road today selling last night's state of the union message. regrettably i have to say i think i heard one of the most interventionist, regulatory heavy and government-planning messages in the history. still more infrastructure, even capping climate change and all i wanted was full fledged tax reform or maybe the keystone pipeline. the left wing greenies pulling out all the stops and warning the president not to go there. some celebrities even got arrested froprotesting the pipee at the white house today. >> and the head of the unions wants more and more of our taxpayer money and he's threatening any democrat who doesn't go along. and guess who facebook executive mark zuckerberg is throwing a political fund-raiser for right at this hours? it's probably not who you think. anyway, we're "the kudlow report." we'll tell you later, but we begin right now. >>> first up, so the president proposing more, more government spending on manufacturing, more on housing, education, infrastructure, climate change, green energy. here's my take. if it wa
tonight, president obama's state of the union address tomorrow night supposed to be about improving the economy and saving jobs. but i'm hearing tax increases. do they have any faith in this white house? what are they worried about? and can the stock market rally continue if washington starts to meddle again too much? we'll ask top names like bob lutz, obama supporter robert wolfe, and many more. >>> speaking of government meddling, red flags up again about obama care. killing jobs, even government jobs. one of the nation's most prominent surgeons told president obama to his face at last week's national prayer breakfast that he has a much better idea nap surgeon is going to join us this evening. "the kudlow report" begins right now. >>> first up, call it the marijuana shocker. the pope is stepping down. pope benedict xvi announced his decision this morning saying he no longer has the strength to carry on with his mission as the leader of the 1.2 billion catholics around the world. here now is news vatican analyst george wiegel. and spokeswoman kathy ruse, now with the family researc
't function. kids won't eat, they won't be able to go to school. what is obama thinking he's accomplishing with all this gloom and doom. >> he knows he'll lose the sequester fight because congress does better than nothing any other institution on earth. the sequester takes effect. the reason he's making a big fight or sequester he knows his $300 billion of tax increases are going to mess up the economy. he knows that your optimistic projections are not going to happen because of his tax policies. so what he's doing is inventing this boogieman, 85 billion of sequester. it won't be 300 billion of taxes or 200 on payroll or 70 on rich or capital gains. 85 million of cuts. >> spending terms 45, less than that. so small, it's so small it is one quarter of 1% of gdp. so you're saying he's going to blame a double dip recession on this? >> we're all to discussion on who wins the blame game the president corning. that's not the issue. the question is what your blaming? i believe obama's concern is not to blame the cuts, not to blame anything but to blame the bad economic news that his tax increase
conference today, president obama sounds a dire economic warning over the sequester he calls for yet another delay in those spending cuts. and he calls for another tax increase. now it's up to republicans to respond. remember, spending cut sequester goes into effect in 24 days on march 1st. the sequester by the way was originally the president's idea. let's get right to what the president said. john harwood joins us thousanow all the details. >> as you know, there are two ways to go about deficit reduction under the sequester law passed in 2011. one is the full ten year sequester. that's $1.2 trillion in budget cuts over ten years. the other is to do it piece meal. if do you it just for the rest of of the year, it would just be $85 billion. president obama said if congress can't agree with the full pack annual by march 1st, we need to do something smaller in the name of staving off damage to the economy, to consumer, and to federal workers. here's the president. >> if congress can't act immediately on a bigger package, about they can't get a bigger package done by the time the sequester is s
. and guess what today? president obama actually dialed up republican leaders john boehner and mitch mcconnell to talk about the sequester. this is good. it's called communication. we'll have a full report coming up from our man in washington robert costa. remember how we told the other night about how federal workers are still getting pay raises despite a so-called pay freeze? it turns out federal worker pensions are facing huge unfunded liabilities that could bankrupt them and force a new taxpayer bailout. but on the whole, folks, have no fear, america. help is on the way. this is "the kudlow report" and it starts right now. >>> all right. first up tonight the sky is not falling. even the president's own press secretary backed up president obama's sequester threat of mass layoffs. take a listen to jay carney. >> we agree with the consensus estimates here again from private outside economic firms from the congressional budget office that say we would lose, the country would lose up to 750,000 jobs if the sequester were allowed to be implemented. >> talking about hundreds of thousands o
tom coburn. meanwhile, president obama won't stop his sequester scare tack i can roadshow. he is calling it a self-inflicted wound on the economy and john boehner has it right telling democrats to get off their ass and pass a pill and with all due respect to my friends at cpac, they're nuts not to invite new jersey chris christie to speak at their upcoming convention. governor christie is a mainstream conservative. i am larry kudlow. the kudlow report begins right now. >>> bernanke and john boehner all today chief washington correspondent john harwood joins us with the details. good evening, john. >> good evening. more today of this long running effort by president obama to goed republicans to compromise with him by agreeing to additional tax increases and spending cuts to replace the sequester. today he went to new port news virginia with a lot of defense installations and made the case that defense workers would be hurt by the sequester even if all the impacts aren't felt immediately. >> the impact of this policy won't be felt over night. it will weaken our recovery, our mil
the same size as it was when president obama took office, the unemployment rate today would be over 10%. this is a number nobody talks about anymore. it's a stunning number. there's simply not enough people in the workforce. and that's what makes me worry about the long-term viability of the recovery. >> and people are still withdrawn. 169,000 left the labor force in the month of january. that cannot be good. 8.5 million people are not even over the labor force in the past four years. 8.5 million people have withdrawn from the labor force. i mean, that's a terrible number. i'm not making a case, by the way. i'm not a bull on the economy because i think there are too many problems on policies and whatnot. but these jobs numbers generally, they keep looking very, very, very mediocre. >> i tell my folks back home, we can ignore the rates, ignore the revisions. the one question, the one question only is how many jobs did we create last quarter? until that number is 200,000 or 250,000 i think there's a lot to be concerned with. >> the one thing i'll ask, though, i know you're not here for y
to have to defend the president here. but for you to say that president obama came one a bad program, the sequester thing, is one of the few plans he's ever come up with that i like. and any cabinet member that cannot make a cut of 1.25% should immediately step down. he's not capable of managing if he can't make those cuts in a reasonable and rational way. this is the same game we always play. when you have to make a little cut, you claim we have to cut food safety, we have to cut airline security. you absolutely don't. there's enough waste and bloating you could make reasonable cuts. >> this is obama's plan. and this is a good thing. this is like the drones. i like the drones and i like the sequester. but he's disowning the sequester. >> but they let him get away with it. we've got to make this clear. this is obama's plan. he designed it. he created it. >> republicans also back the sequester. they're both responsible for this mess. and it's a mess. and i think what's going to happen, you're the insider on capitol hill inside of the cloak room. i'm interested in your take. i think th
employs. >> this is the worst defense i have heard. this is an obama-type defense on spending cuts. next thing you want is revenues to help the post office go through. what's go pac? i'm sorry. >> it's a teachable moment as guy talked about. this is what happens when you allow the government to come in and run an industry that in treery is private. it is not. any decision the post office wants to make to become more efficient, they have to say mother may i. in this administration you see whether it's the epa that wants to continue to regulate the energy industry, trying to do more in the car industry, trying to take over the health care industry. >> can i just interject? you see the problems between government has mother may i decisions over the economy. >> it has nothing to do with the obama administration. the problems of the post office go back way before president obama existed. the reality is it's an inefficient organization that has to answer to the government to make decisions. the problem is people aren't using the post office. >> let me make a quick point. first of all it's not
Search Results 0 to 18 of about 19

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